This compound is primarily utilized in the synthesis of various pharmaceuticals, particularly those targeting neurological and cardiovascular conditions. Its structure serves as a key intermediate in the production of chiral molecules, which are essential for developing drugs with high specificity and reduced side effects. Additionally, it is employed in research settings to study receptor interactions and enzyme mechanisms, aiding in the discovery of new therapeutic agents. Its enantiomeric purity makes it valuable in asymmetric synthesis, ensuring the production of optically active compounds with desired biological activity.